AXA Investment Managers (AXA IM) announced today that it has carried out its first market transaction using stablecoins - Société Générale - FORGE's CoinVertible (EURCV) - as part of a new joint experiment.

This experiment took place in two distinct phases:

- the purchase by AXA IM, on behalf of AXA France, from Société Générale - FORGE of five million euros of CoinVertible (EURCV) stablecoins, a digital asset deployed on the public Ethereum blockchain and backed by the euro.

- an investment by AXA IM of five million euros in a green bond issued by Société Générale, using CoinVertible (EURCV) stablecoins acquired in the first phase, on behalf of AXA France.

The aim of this initiative was to enable us to experiment with the use of a stablecoin as a settlement asset for the purchase of a digital bond. Our ultimate goal is to optimize our existing processes by adopting the most advanced technologies in order to always offer the best services to our customers", commented Laurence Arnold, Head of Innovation Management and Strategic Initiatives at AXA IM.

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